Deutsche Bank and Omega Advisors, Inc. are pleased to announce the planned launch of the UCITS compliant DB Platinum Omega fund on Deutsche Bank’s UCITS platform in December 2011. The fund will be managed by hedge fund veteran Leon Cooperman, Chairman and CEO of Omega.
Mr Cooperman runs Omega Overseas Partners, Ltd, a fund with a long-biased equity long/short strategy investing mainly in U.S. mid- and large-caps.
Commenting on the launch, Tarun Nagpal, Deutsche Bank’s European Head of Fund Derivatives, said: “Partnering with hedge fund veteran Leon Cooperman represents another key milestone for Deutsche Bank and is testament to our investors that dbalternatives will strive to provide access to the world’s leading hedge fund managers in UCITS. We are confident that Leon’s expertise and longstanding success will make the planned fund attractive to investors.”
Mr Cooperman, Chairman and CEO of Omega, said: “We are excited to partner with Deutsche Bank, one of the largest and most reputable global banks, in this new venture.”
With more than $12 billion in assets across managed accounts, UCITS and ETF products, dbalternatives is recognised as the market leading investment platform, giving access to some of the world’s premier hedge funds.
Omega was founded by Mr Cooperman in 1991. Today, Omega employs 37 people based in the US managing about US$5.8bn of assets overall. Prior to founding Omega, Mr Cooperman served as Chairman and Chief Executive Officer of Goldman Sachs Asset Management.
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